Charlotte, NC asked in Real Estate Law for Colorado

Q: Can a buyer get out of a sale contact due to a timing of the repair in CO?

The contract is for a house in Colorado and the seller agreed to pay for the repair.

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2 Lawyer Answers

A: In order to determine your rights, you will need to thoroughly examine the precise language in the contract as it relates to this particular issue before making any decisions. The contract will control.

Tristan Kenyon Schultz agrees with this answer

A: As Vincent noted, the sale contract will control whether a breach has occurred and what the effects of a potential breach are for the buyer and seller.

Failure to complete the repairs in a timely manner may terminate the offer. However, some contracts simply discount the sale price by the FMV of the repair costs. It all ready depends on the contact and the precise actions (or inaction) of the seller.

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